If the Verizon-Yahoo deal is finalized, Mayer will be covered by
a severance plan for one year after the Yahoo sale closes.

She'll receive:

One year of salary

Her annual target
bonus

Some money to cover medical
premiums

The option to exercise any
vested stock options for 6 months after she is
terminated.

All that comes out to about $3 million — $1 million in
salary and $2 million in bonuses.

But where Mayer will really cash in is through her "golden
parachute compensation," which indicates Mayer would
receive $40.9 million in equity.

That's the amount of unvested Yahoo stock options and RSUs Mayer
can collect if she's terminated, multiplied by $38.59, or the
price of Yahoo shortly after the transaction was announced.

Whether Mayer is on her way out is unclear.
Recode previously reported that Mayer "would likely go after
the deal is officially struck in six to nine months," which is
firmly within the one-year window that would allow Mayer to
collect her golden parachute.

Her compensation can change based on the exact date that Mayer
leaves Yahoo. Earlier this year, another Yahoo SEC document
suggested her golden parachute
was worth $54.9 million.